The African Development Bank Group’s (AfDB) 2022 Annual Meetings would focus on how to boost funding for climate adaptation and related matters as well as achieving climate resilience and a just energy transition for Africa.
Ghana will host the African Development Bank Group’s (AfDB) 2022 Annual Meetings in its capital, Accra.
This year’s meetings scheduled to hold from 23-27 May, marks a return to in-person sessions following virtual meetings over the last two years and will be held in a hybrid format with participants present in Accra and online.
The AfDB said physical sessions, including statutory meetings of governors of the Bank and knowledge events, will take place at the Accra International Conference Centre.
The theme for the 2022 meetings is Achieving Climate Resilience and a Just Energy Transition for Africa, and the meetings will offer Bank governors a forum to share the climate change and energy transition challenges that their countries face, and also present an opportunity to showcase policy responses to tackle these challenges.
According to the AfDB, the governors, who represent the institution’s 54 African and 27 non-regional member countries, will hold a high-level dialogue with African Development Bank President Akinwumi Adesina and his senior management team.
It pointed out that the discussions will focus on how to boost funding for climate adaptation and related matters.
Climate adaptation finance currently accounts for only 10 per cent of global climate finance. Overall, only about 19 per cent of total international adaptation finance is programmed in Africa, with the continent receiving only 3 per cent of global climate finance flows.
This year’s theme aligns with preparations for the United Nations’ global climate summit (COP27), scheduled for Sharm El Sheikh, Egypt in November 2022. It will highlight Africa’s need for increased investment and other forms of financing to accelerate climate adaptation efforts.
The 2022 African Development Bank Group Annual Meetings will be the 57th Annual Meeting of the Board of Governors of the Bank Group and the 48th Annual Meeting of the African Development Fund, the concessional arm of the Bank Group.
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